New collective labour agreement signed at NCSP OJSC

On March 20, 2013, the administration and the personnel of Novorossiysk Commercial Sea Port OJSC signed a collective labour agreement effective from May 1, 2013 till the end of 2016, NCSP says in its press release.

The document regulates the issues of wages, social guarantees, work discipline and safety as well as health safety. 

Besides, the document sets forth a new mechanism for personnel’s wage indexation, which is to make 5% per year applicable to all wages and salaries. The new agreement also introduces new price rates for transshipment of a variety of cargoes. 

Novorossiysk Commercial Sea Port (NMTP Group) is Russia’s largest port operator in terms of cargo turnover. 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are OJSC “Transneft” and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port OJSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novolesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC.

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